Olshan Represents CIBL, Inc. in Acquisition of Controlling Position in iCTC Group

Firm News

Olshan’s client CIBL, Inc. has purchased 80,000 shares of Class A common stock of iCTC Group, Inc. in a private placement and commenced a third-party tender offer to purchase up to 80,000 additional shares of Class A common stock of iCTC Group.  If the tender offer is fully subscribed, CIBL will acquire approximately 40% of the outstanding Class A common stock of iCTC Group. CIBL intends to acquire greater than 50% of the voting control of iCTC Group through a voting trust agreement with certain affiliated stockholders of iCTC Group. The Olshan team representing CIBL includes Steve Wolosky and Kenneth Mantel.

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Mizi Mehaj
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mmehaj@olshanlaw.com
212.451.2319


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